Bill to limit tenure of CBN Gov, deputies to non-renewable six years passes second reading at Senate
A bill seeking to limit the tenure of governor and deputy governors of the Central Bank of Nigeria (CBN) to a single non-renewal term of six years has passed a second reading at the Senate.
The bill was sponsored by the senator representing Lagos East, Adetokunbo Abiru.
Section 8 (2) of the CBN Act 2007 empowers governors and deputy governors of the bank to stay five years in office and they are also eligible for re-appointment for another term not exceeding five years.
The amendment bill was read the second…